TD News International: 06/07/2017

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Berlin: Zalando leases 42,500 sqm near Ostbahnhof

06/07/2017 Zalando has leased an additional 42,500 sqm of office space in Berlin-Friedrichshain. The space is made up of the entire former Kaufhof building at the Ostbahnhof, which will soon be converted into an office building by Signa. As TD learned from market experts, the deal was made directly. It is by far the largest transaction [...]

Beos to remain independent

06/07/2017 At the beginning of the year, owners Stephan Bone-Winkel and Ingo Holz announced that Beos planned to take on a new main investor to strengthen the capital base and stimulate faster growth. Now the specialist for corporate real estate has stated that it will remain independent. This was, however, not due to the interest of [...]

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Space shortage is only factor curbing office leasing market

06/07/2017 Only the scarce supply of space in Germany’s extensive office leasing markets is impeding an even better half-year result. BNPPRE, CBRE, Colliers International, JLL and Savills all see eye to eye on this matter; however, the stated growth rates in terms of area take-up compared to the 1st half-year of 2016 range from just under [...]

Konstanz: Union Investment and Investa buy office park

06/07/2017 Union Investment and Investa have acquired the Technology and Pharmapark Campus Konstanz for the Spezialfonds Urban Campus No. 1. In legal matters, the buyer was advised on the transaction by GSK Stockmann. The campus, consisting of 12 buildings with a lettable area of 46,700 sqm, is part of the former company site of Altana Pharma [...]

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Tattersall Lorenz receives contract for ex-Hansteen portfolio

06/07/2017 Tattersall Lorenz will assume technical and commercial property management for all former Hansteen properties in Germany. The portfolio was recently acquired by M7 and Blackstone. The 112 properties have approximately 1.6mn sqm of lettable space, most of them for light industrial uses and a smaller majority for offices and retail. Tattersall Lorenz will manage the [...]

Retail investments increase by more than 40%

06/07/2017 Despite taking a breather in the 2nd quarter, the investment market for German retail properties has achieved the second best half-year result. According to CBRE, nearly €6bn had been invested by the end of June and thus 44% more than in 1st half-year of 2015. Both Colliers International and Savills calculated sales of just under [...]

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Hamburg has all high-rise buildings tested for fire protection

06/07/2017 Due to the recent high-rise fire in London, the fire brigade of Hamburg and the State Ministry for Urban Development and Housing have agreed to test the facade insulation of all the high-rise buildings in the city. The Office for Building Regulations and Building Construction will therefore call upon all owners of high-rise buildings to [...]